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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $517.5M, roughly 1.8× WOLVERINE WORLD WIDE INC). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs 3.1%, a 3.0% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 9.2%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $112.7M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
PATK vs WWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $517.5M |
| Net Profit | $29.1M | $31.8M |
| Gross Margin | 23.0% | 47.3% |
| Operating Margin | 6.2% | 9.7% |
| Net Margin | 3.1% | 6.1% |
| Revenue YoY | 9.2% | 25.5% |
| Net Profit YoY | 99.7% | 162.8% |
| EPS (diluted) | $0.82 | $0.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $517.5M | ||
| Q4 25 | $924.2M | — | ||
| Q3 25 | $975.6M | $470.3M | ||
| Q2 25 | $1.0B | $474.2M | ||
| Q1 25 | $1.0B | $412.3M | ||
| Q4 24 | $846.1M | $494.7M | ||
| Q3 24 | $919.4M | $440.2M | ||
| Q2 24 | $1.0B | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $29.1M | — | ||
| Q3 25 | $35.3M | $25.1M | ||
| Q2 25 | $32.4M | $26.8M | ||
| Q1 25 | $38.2M | $12.1M | ||
| Q4 24 | $14.6M | $23.1M | ||
| Q3 24 | $40.9M | $23.2M | ||
| Q2 24 | $47.9M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 23.0% | — | ||
| Q3 25 | 22.6% | 47.5% | ||
| Q2 25 | 23.9% | 47.2% | ||
| Q1 25 | 22.8% | 47.2% | ||
| Q4 24 | 22.1% | 43.4% | ||
| Q3 24 | 23.1% | 45.1% | ||
| Q2 24 | 22.8% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 6.8% | 8.4% | ||
| Q2 25 | 8.3% | 8.6% | ||
| Q1 25 | 6.5% | 4.8% | ||
| Q4 24 | 4.7% | 7.4% | ||
| Q3 24 | 8.1% | 7.9% | ||
| Q2 24 | 8.3% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | 3.6% | 5.3% | ||
| Q2 25 | 3.1% | 5.7% | ||
| Q1 25 | 3.8% | 2.9% | ||
| Q4 24 | 1.7% | 4.7% | ||
| Q3 24 | 4.4% | 5.3% | ||
| Q2 24 | 4.7% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.82 | — | ||
| Q3 25 | $1.01 | $0.30 | ||
| Q2 25 | $0.96 | $0.32 | ||
| Q1 25 | $1.11 | $0.15 | ||
| Q4 24 | $-1.44 | $0.29 | ||
| Q3 24 | $1.80 | $0.28 | ||
| Q2 24 | $2.16 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.4M | — |
| Total DebtLower is stronger | $1.3B | $621.7M |
| Stockholders' EquityBook value | $1.2B | $408.0M |
| Total Assets | $3.1B | $1.7B |
| Debt / EquityLower = less leverage | 1.10× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | — | ||
| Q3 25 | $20.7M | — | ||
| Q2 25 | $22.0M | — | ||
| Q1 25 | $86.6M | — | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $52.6M | — | ||
| Q2 24 | $44.0M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | $1.3B | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $376.7M | ||
| Q2 25 | $1.1B | $344.0M | ||
| Q1 25 | $1.1B | $310.6M | ||
| Q4 24 | $1.1B | $312.9M | ||
| Q3 24 | $1.1B | $295.2M | ||
| Q2 24 | $1.1B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | 1.18× | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.8M | $146.2M |
| Free Cash FlowOCF − Capex | $112.7M | $145.6M |
| FCF MarginFCF / Revenue | 12.2% | 28.1% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 4.50× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $130.8M | — | ||
| Q3 25 | $9.1M | $33.0M | ||
| Q2 25 | $149.4M | $44.6M | ||
| Q1 25 | $40.1M | $-83.8M | ||
| Q4 24 | $102.7M | $82.4M | ||
| Q3 24 | $51.5M | $108.2M | ||
| Q2 24 | $137.5M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $112.7M | — | ||
| Q3 25 | $-17.2M | $30.1M | ||
| Q2 25 | $131.1M | $41.2M | ||
| Q1 25 | $19.9M | $-91.4M | ||
| Q4 24 | $77.2M | $74.4M | ||
| Q3 24 | $33.7M | $104.1M | ||
| Q2 24 | $120.6M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | -1.8% | 6.4% | ||
| Q2 25 | 12.5% | 8.7% | ||
| Q1 25 | 2.0% | -22.2% | ||
| Q4 24 | 9.1% | 15.0% | ||
| Q3 24 | 3.7% | 23.6% | ||
| Q2 24 | 11.9% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | 0.6% | ||
| Q2 25 | 1.7% | 0.7% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 3.0% | 1.6% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 1.7% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 4.50× | — | ||
| Q3 25 | 0.26× | 1.31× | ||
| Q2 25 | 4.61× | 1.66× | ||
| Q1 25 | 1.05× | -6.93× | ||
| Q4 24 | 7.05× | 3.57× | ||
| Q3 24 | 1.26× | 4.66× | ||
| Q2 24 | 2.87× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
